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Personal property tax of director paid

Accounting Entries 1273 views 3 replies

Hi,

Can any one tell me that I have paid the municipal tax for the personal property of our director in Mumbai,

from the account of our company situated in delhi . what will be entry in tally. Can we book the expense.

 

Replies (3)
if company paid directors personal exp then it will be considered as amount given to director. later it is adjustable with amounts payable to director. like remuneration or sitting fees.
adjust it against remuneration payable to director

Yes... I agreed to above said replies.


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